Angle Labs Co-Founder Discusses Onchain Savings Evolution at Stable Summit

**Angle Protocol has airdropped $5.7 million** in stablecoins to $ANGLE token holders as part of its protocol shutdown process. **Distribution Details:** - 3.5M $USDC distributed - 2.2M $EURC distributed - Claims available through [Merkl](https://merkl.xyz) **Background:** Following the approval of AIP-111, Angle Protocol is winding down its EURA and USDA stablecoins. Both stablecoins remain fully collateralized, with holders having one year to redeem 1:1, plus an additional year to claim remaining funds. The airdrop represents excess equity from the protocol being returned to token holders. Eligible $ANGLE holders can claim their portion of the distributed stablecoins via their Merkl dashboard. **Action Required:** Token holders should visit Merkl to check eligibility and claim their airdropped USDC and EURC.

**Angle Protocol publicly accused Coinstore exchange** of failing to return an $80,000 loan made in October 2024. The loan was provided to facilitate the listing of Angle's USDA and stUSD tokens on the exchange. Despite multiple attempts to recover the funds, **Coinstore has not returned the money**, citing operational issues with a market maker. **Key details:** - Loan amount: ~$80,000 - Purpose: Token listing for USDA & stUSD - Coinstore's excuse: Market maker operational problems - Angle's response: Public warning after repeated private attempts **Angle Protocol strongly advises against** working with Coinstore for listings or trading, citing incompetence and unprofessionalism. The protocol emphasized that **user funds remain secure** and the incident does not affect the safety of the Angle ecosystem.

Trust Wallet has upgraded its USDA stablecoin yield offering from 8% to **11%** for US users. The process remains simple: - Convert USDT or USDC to USDA - Make a one-click deposit - Begin earning yield immediately This represents a significant increase from the previous 8% rate introduced in May 2025, making it one of the more competitive yields in the regulated US stablecoin market.

Guillaume Nervo, co-founder of Angle Labs, presented at the Stable Summit in Cannes this July, sharing perspectives on the evolution of onchain savings solutions. The presentation addressed: - Current limitations of onchain savings - Future development pathways - Potential improvements to existing systems A replay of the full presentation is now available for viewing. [Watch the replay here](link-placeholder)